Clarus Co. (NASDAQ:CLAR) Given Average Recommendation of “Moderate Buy” by Brokerages

Clarus Co. (NASDAQ:CLAR) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.75.

CLAR has been the subject of a number of research analyst reports. B. Riley reduced their target price on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a report on Monday, March 10th. Stifel Nicolaus reduced their price objective on Clarus from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Lake Street Capital lowered their target price on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Friday, March 7th.

Institutional Trading of Clarus

A number of hedge funds and other institutional investors have recently modified their holdings of CLAR. Peapod Lane Capital LLC acquired a new position in shares of Clarus during the 4th quarter valued at about $2,153,000. First Eagle Investment Management LLC boosted its holdings in Clarus by 34.3% in the 4th quarter. First Eagle Investment Management LLC now owns 785,200 shares of the company’s stock valued at $3,541,000 after purchasing an additional 200,500 shares during the last quarter. Cove Street Capital LLC grew its stake in shares of Clarus by 182.4% in the 4th quarter. Cove Street Capital LLC now owns 297,431 shares of the company’s stock valued at $1,341,000 after buying an additional 192,099 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Clarus by 12.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,194,640 shares of the company’s stock worth $5,388,000 after buying an additional 134,627 shares during the last quarter. Finally, CastleKnight Management LP raised its position in shares of Clarus by 59.3% during the 4th quarter. CastleKnight Management LP now owns 318,100 shares of the company’s stock valued at $1,435,000 after buying an additional 118,413 shares during the period. 90.30% of the stock is owned by institutional investors and hedge funds.

Clarus Stock Down 2.1 %

CLAR opened at $3.30 on Thursday. Clarus has a twelve month low of $3.25 and a twelve month high of $7.55. The company has a market cap of $126.59 million, a PE ratio of 25.39 and a beta of 0.85. The company has a 50-day moving average price of $4.13 and a 200 day moving average price of $4.40.

Clarus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 17th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Monday, March 17th. Clarus’s dividend payout ratio (DPR) is currently -7.35%.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.